1360 Euclid Avenue, Long Beach, CA 90804

$2,450,000 Approx. USD 0 beds, 0 baths

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Marketed By The Keaty Team

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Agent Remarks

**SELLER FINANCING AVAILABLE**Discover this charming Spanish-style 13-unit apartment building nestled in the heart of Long Beach’s vibrant East Side neighborhood. Combining timeless architectural appeal with modern upgrades, this property presents an exceptional opportunity for investors seeking a value-add asset with significant income potential. With a remarkable 35% upside in rents, a new owner can unlock tremendous cash flow while capitalizing on the extensive improvements already completed. Improvements include the installation of 13 new wall heaters (1990), a full repipe of gas lines (1998), a complete replacement of water supply lines (2006),14 new electric meters (1990), double-pane vinyl windows throughout (2017), new 100 gallon water heater (2022), and all ABS plastic drain lines. The original floor plans also offer an opportunity for reconfiguration to unlock even more rental income potential. This reconfiguration has already been completed on unit #10. Seller financing is available for qualified buyers. Seller's will consider carrying financing with 25% down, 5% interest rate, and up to a 10 year loan term. Financing terms are dependent on offer price.

Listing Details

Property type: Apartment (Multi-Family)

Status: Pending

MLS# PW24249846

List price is $2,450,000 Reduced by $200,000 on 3/14/2025

Price: $2,450,000

Beds: 0

Baths: 0

Built in 1923

0.15 acres

Lot size: 0.1493

Subdivision: Eastside (ES)